UAE daily stock market reports for Abu Dhabi Securities Market (ADSM) and Dubai Financial Market (DFM) - RSS feed

Thursday, December 10, 2009

UAE markets 10 Dec 2009

UAE market news & discussions for 10 December 2009

Stocks in the UAE bounced back solidly at the end of a grim week, with Emaar and a few others closing 10% and 15% limit up after news yesterday that the Emaar-Dubai Holding merger was not going ahead. The ADX rose 1.4% to 2502 points from turnover of AED 253m. The DFM rose a solid 7.0% to 1641 points from turnover significantly higher at AED 1.1 billion. On the Nasdaq Dubai at 1415 UAE time, DP World is up 14%, and Depa is down 10%.

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  • Dubai Financial Market

    Arabtec (ARTC) was the most active stock in Dubai for a change, up 6.9% to 1.85 from turnover of AED 302m. Emaar Properties (EMAAR) and Dubai Financial Market (DFM) both closed 15% limit up at 2.94 and 1.57 respectively, and were the only other stocks trading more than AED 100m worth. Other 15% limit up stocks were Dubai Islamic Bank (DIB), Islamic Arab Insurance (IAIC), National General Cooling (TABREED), and Deyaar Development (DEYAAR), while Dubai Investment Company (DIC), Dubai Islamic Insurance (AMAN), Shuaa Capital (SHUAA), and Arab International Logistics (ARMX) all rose more than 10%. Most remaining stocks were up between 4% and 10%. Emirates NBD (ENBD) was the only loser, falling by 3.5% to 3.30.

    Abu Dhabi Securities Exchange

    No stocks in Abu Dhabi traded more than AED 100m but Aldar Properties (ALDAR) was just below that level as the most active stock, and closed 10% limit up at 4.37. Other stocks with last trades at limit up prices in Abu Dhabi were for Abu Dhabi Ship Building (ADSB) (on just one trade), First Gulf Bank (FGB), Abu Dhabi Commercial Bank (ADCB), Sorouh Real Estate (SOROUH), and Ras Al Khaimah Properties (RAKPROP), although due to earlier trading in negative territory, the average change was much lower, which is what the ADX uses as closing price data. Most other stocks had average prices up by less than 5% from yesterday. Arkan Building Materials (ARKAN) was the only loser on turnover of more than AED 1m, down by 1.4% to 2.10. There were another 9 losers, all on low volumes, including 10% limit down for International Fish Farming (ASMAK) and National Bank Of Ras Al Khaimah (RAKBANK).

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 10 December 2009

    UAE stock market news and discussions at Dubai Share Talk ...

      Latest posts and topics (click timestamp for last post) Last Post By Last Post Date
    Marketwatch DFM ADX December 2009
    OnlineTrader Thu 10 Dec 2009 13:56
    EMAAR trend analysis
    OnlineTrader Thu 10 Dec 2009 13:48
    Santa Rally
    Rashid Thu 10 Dec 2009 13:23
    Misrepresenting other members
    sharewadi Thu 10 Dec 2009 10:21
    Aramex share price - theory
    thajuddeen Thu 10 Dec 2009 09:26
    Rental Incomes vs Debt payments.
    MAGANG Thu 10 Dec 2009 09:22
    How low will UAE stocks fall?
    Rick Thu 10 Dec 2009 07:29
    Dubai World Nakheel bond
    Talha Thu 10 Dec 2009 00:48
    Emaar Dubai Holding merger
    GPIC Wed 09 Dec 2009 23:36
    Stop watching scary movies
    GPIC Wed 09 Dec 2009 22:43
    Lala's recommendations
    sharewadi Wed 09 Dec 2009 22:18
    Emaar not merging with Dubai Holding
    sharewadi Wed 09 Dec 2009 18:43
    DFM hanging on supports
    rajawt Wed 09 Dec 2009 16:12
    EMAAR merger vs Dubai World default
    thajuddeen Wed 09 Dec 2009 11:30
    DSI share price analysis 3Q2009
    Metric Wed 09 Dec 2009 11:08
    UAE bank ratings downgrade
    shares queen Wed 09 Dec 2009 00:37
    Abu Dhabi vs Dubai non-oil sectors
    Krazy Guy Wed 09 Dec 2009 00:18
    best stock rises
    symbol price change
    EMAAR 2.94 +0.38 +14.8%
    DFM 1.57 +0.20 +14.6%
    DIB 1.97 +0.25 +14.5%
    SALAMA 0.81 +0.10 +14.1%
    TABREED 0.65 +0.08 +14%
    worst stock falls
    symbol price change
    RAKBANK 4.05 -0.45 -10%
    ASMAK 15.35 -1.70 -10%
    ADNH 3.26 -0.23 -6.6%
    ADAVIATION 2.25 -0.15 -6.3%
    CBI 1.50 -0.10 -6.3%
    top volume
    symbol value (AED) price
    ARTC302,018,0851.85
    EMAAR255,517,1842.94
    DFM135,636,9431.57
    ALDAR95,480,2364.12
    AIRARABIA90,739,3130.88

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